Sustainability Report 2024

For over 30 years Air Products has reported on sustainability-related topics. During the past year we have strengthened our previously announced environmental goals and launched new goals for renewable energy and water management. We have worked collaboratively with our customers across dozens of industries while advancing our world-scale, first-mover, clean hydrogen projects to help decarbonize industry and heavy-duty transportation.

Working Together to Generate a Cleaner Future

To reach true net zero, the world needs solutions for deep decarbonisation of the hardest-to-abate sectors such as steelmaking, chemical production and heavy-duty transportation. Renewable and low carbon hydrogen is the solution. As the leading global hydrogen supplier today, Air Products is applying our expertise and investments in renewable and low carbon hydrogen production and fueling projects ($15B) to help accelerate the energy transition and generate a cleaner future for our world.

Explore our interactive graphic for some examples of how Air Products can help customers decarbonise and operate more sustainably.

Our Sustainability Commitments

Our sustainability goals reflect our aspirations to enable and accelerate the global energy transition and achieve our overarching Company goal to be the safest, most diverse and most profitable industrial gas company in the world, providing excellent service to our customers. Fundamentally, it is our people who are the real enablers of a cleaner future, working alongside our customers to help solve pressing energy and environmental challenges.

Sustainability Commitments

Sustainability in Action

Helping to Decarbonize World’s Premier Sailing Competition

The America’s Cup—the world’s oldest international sailing competition—is underway, and Air Products is taking steps to help to make the competition more sustainable.

As the official hydrogen supplier of the 37th America’s Cup, Air Products is providing hydrogen to power chase boats that follow the AC75 race yachts throughout the competition. This is the first time hydrogen has been used to fuel chase boats at the event.

Each challenger competing in the America’s Cup is required to have a hydrogen-powered chase boat that supports the team during the competition. The chase boats follow the race yachts to provide support and gear that might be needed during the race.

“At the end of the 36th America’s Cup in 2021… we realized that we needed to do something more significant from a sustainability point of view. So, we decided that the future probably was hydrogen within the marine pleasure industry,” said Grant Dalton, America’s Cup CEO. “When we came to Barcelona, we needed a partner that could help up with this vision, and Air Products is that partner.”

The America’s Cup is underway in Barcelona, Spain and continues with sailing teams from around the world until Sunday, 27 October.

To learn more about the role hydrogen can play in decarbonizing the marine industry, visit Air Products’ Hydrogen Fueling for Ships webpage.

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MSCI Awards Air Products an 'A' Rating

MSCI's environmental, social and governance (ESG) Ratings awarded Air Products an ‘A’ rating based on the company's improvements in its carbon management strategy, including carbon capture efforts, its announced goal to reach net-zero carbon emissions from operations by 2050, and other sustainability initiatives. In its review, MSCI rated Air Products an ESG leader in its industry in two categories: clean tech, and safety and health.

More Recognitions

Green Finance Framework

We have established our Green Finance Framework to further align our financing activities with our sustainability strategy and commitments. The Framework outlines the methodology and principles for green finance instruments that may be issued by Air Products to finance and/or refinance eligible projects contributing to our sustainability strategy.